Northern Trust Co. (NASDAQ:NTRS) Insider John Landers Sells 900 Shares

Northern Trust Co. (NASDAQ:NTRS) insider John Landers sold 900 shares of Northern Trust stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $111.44, for a total transaction of $100,296.00. Following the completion of the sale, the insider now owns 7,640 shares in the company, valued at approximately $851,401.60. This trade represents a 10.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Northern Trust Stock Up 1.7 %

Shares of Northern Trust stock traded up $1.84 on Wednesday, reaching $113.22. 1,202,701 shares of the company were exchanged, compared to its average volume of 1,200,187. Northern Trust Co. has a 1-year low of $76.67 and a 1-year high of $114.21. The stock’s 50 day moving average price is $106.27 and its 200-day moving average price is $97.95. The company has a market cap of $22.44 billion, a P/E ratio of 11.58, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.71.

Northern Trust (NASDAQ:NTRS) last announced its quarterly earnings results on Thursday, January 23rd. The asset manager reported $2.26 EPS for the quarter, beating the consensus estimate of $1.96 by $0.30. Northern Trust had a net margin of 12.77% and a return on equity of 13.74%. As a group, equities analysts forecast that Northern Trust Co. will post 8.2 EPS for the current year.

Northern Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend is Friday, March 14th. Northern Trust’s dividend payout ratio is currently 30.67%.

Institutional Investors Weigh In On Northern Trust

Hedge funds have recently modified their holdings of the stock. Allworth Financial LP lifted its holdings in shares of Northern Trust by 9.1% in the 3rd quarter. Allworth Financial LP now owns 1,170 shares of the asset manager’s stock valued at $105,000 after buying an additional 98 shares during the period. Juncture Wealth Strategies LLC boosted its position in shares of Northern Trust by 2.4% during the 4th quarter. Juncture Wealth Strategies LLC now owns 4,212 shares of the asset manager’s stock worth $432,000 after purchasing an additional 100 shares in the last quarter. Ballentine Partners LLC grew its stake in shares of Northern Trust by 4.4% during the 4th quarter. Ballentine Partners LLC now owns 2,483 shares of the asset manager’s stock worth $255,000 after purchasing an additional 105 shares during the period. Pallas Capital Advisors LLC increased its holdings in shares of Northern Trust by 1.8% in the 4th quarter. Pallas Capital Advisors LLC now owns 6,091 shares of the asset manager’s stock valued at $624,000 after purchasing an additional 107 shares in the last quarter. Finally, Bradley Foster & Sargent Inc. CT lifted its stake in shares of Northern Trust by 2.4% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 4,774 shares of the asset manager’s stock valued at $489,000 after purchasing an additional 114 shares during the period. 83.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on NTRS shares. Wells Fargo & Company boosted their price target on shares of Northern Trust from $108.00 to $110.00 and gave the company an “equal weight” rating in a research report on Friday, November 15th. Bank of America boosted their target price on shares of Northern Trust from $103.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Evercore ISI lifted their price target on shares of Northern Trust from $86.00 to $103.00 and gave the company an “in-line” rating in a research report on Thursday, October 24th. UBS Group increased their price objective on Northern Trust from $110.00 to $114.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Finally, Keefe, Bruyette & Woods lifted their target price on Northern Trust from $113.00 to $122.00 and gave the company a “market perform” rating in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, Northern Trust currently has an average rating of “Hold” and a consensus price target of $112.58.

About Northern Trust

Northern Trust Corporation, a financial holding company, provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. It operates in two segments, Asset Servicing and Wealth Management. The Asset Servicing segment offers asset servicing and related services, including custody, fund administration, investment operations outsourcing, investment management, investment risk and analytical services, employee benefit services, securities lending, foreign exchange, treasury management, brokerage services, transition management services, banking, and cash management services.